The company behind the Gulfstream jet and the M1A1 Abrams tank largely dodged the worst of the COVID-19 disruptions. In March, the General Dynamics board agreed to hike the quarterly dividend, the 24th consecutive annual increase, even as the company suffered a sharp decline in operating profit on reduced deliveries of its G650 aircraft. But new orders—including a $9.5 billion contract to build Columbia-class submarines—and a record $89.5 billion order backlog point to strong growth potential.
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